Have you read "The 5000 Year Leap, 28 Great Ideas that are Changing the World"? It's a magnificent treatise on the 28 fundamental beliefs of the founding fathers which have made possible more real progress over 200 years of American history than was made in the previous 5000 years of civilization.
Hence the title, "The 5000 Year Leap." From the National Center for Constitutional Studies:
http://www.nccsstore.com/5000-Year-Leap-MP3-eBook/productinfo/5000YL/
Principle 1 - The only reliable basis for sound government and just human relations is Natural Law.
Natural law is God's law. There are certain laws which govern the entire universe, and just as Thomas Jefferson said in the Declaration of Independence, there are laws which govern in the affairs of men which are "the laws of nature and of nature's God."
Principle 2 - A free people cannot survive under a republican constitution unless they remain virtuous and morally strong.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Benjamin Franklin
Principle 3 - The most promising method of securing a virtuous people is to elect virtuous leaders.
"Neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt. He therefore is the truest friend to the liberty of his country who tries most to promote its virtue, and who ... will not suffer a man to be chosen into any office of power and trust who is not a wise and virtuous man." - Samuel Adams
Principle 4 - Without religion the government of a free people cannot be maintained.
"Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports.... And let us with caution indulge the supposition that morality can be maintained without religion." - George Washington
Principle 5 - All things were created by God, therefore upon him all mankind are equally dependent, and to him they are equally responsible .
The American Founding Fathers considered the existence of the Creator as the most fundamental premise underlying all self-evident truth. They felt a person who boasted he or she was an atheist had just simply failed to apply his or her divine capacity for reason and observation.
Principle 6 - All mankind were created equal.
The Founders knew that in these three ways, all mankind are theoretically treated as:
1.Equal before God.
2.Equal before the law.
3.Equal in their rights.
Principle 7 - The proper role of government is to protect equal rights, not provide equal things.
The Founders recognized that the people cannot delegate to their government any power except that which they have the lawful right to exercise themselves.
Principle 8 - Mankind are endowed by God with certain unalienable rights.
"Those rights, then, which God and nature have established, and are therefore called natural rights, such as are life and liberty, need not the aid of human laws to be more effectually invested in every man than they are; neither do they receive any additional strength when declared by the municipal [or state] laws to be inviolable. On the contrary, no human legislation has power to abridge or destroy them, unless the owner [of the right] shall himself commit some act that amounts to a forfeiture." - William Blackstone
Principle 9 - To protect human rights, God has revealed a code of divine law.
"The doctrines thus delivered we call the revealed or divine law, and they are to be found only in the Holy Scriptures. These precepts, when revealed, are found by comparison to be really a part of the original law of nature, as they tend in all their consequences to man's felicity." - William Blackstone
Principle 10 - The God-given right to govern is vested in the sovereign authority of the whole people.
"The fabric of American empire ought to rest on the solid basis of the consent of the people. The streams of national power ought to flow immediately from that pure, original fountain of all legislative authority." - Alexander Hamilton
Principle 11 - The majority of the people may alter or abolish a government which has become tyrannical.
"Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes ... but when a long train of abuses and usurpations ... evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security." - Thomas Jefferson in the Declaration of Independence
Principle 12 - The United States of America shall be a republic.
"I pledge allegiance to the flag of the United States of America
And to the republic for which it stands...."
Principle 13 - A Constitution should protect the people from the frailties of their rulers.
"If angels were to govern men, neither external nor internal controls on government would be necessary.... [But lacking these] you must first enable the government to control the governed; and in the next place oblige it to control itself." - James Madison
Principle 14 - Life and liberty are secure only so long as the rights of property are secure .
John Locke reasoned that God gave the earth and everything in it to the whole human family as a gift. Therefore the land, the sea, the acorns in the forest, the deer feeding in the meadow belong to everyone "in common." However, the moment someone takes the trouble to change something from its original state of nature, that person has added his ingenuity or labor to make that change. Herein lies the secret to the origin of "property rights."
Principle 15 - The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations.
Prosperity depends upon a climate of wholesome stimulation with four basic freedoms in operation:
1. The Freedom to try.
2. The Freedom to buy.
3. The Freedom to sell.
4.The Freedom to fail.
Principle 16 - The government should be separated into three branches .
"I call you to witness that I was the first member of the Congress who ventured to come out in public, as I did in January 1776, in my Thoughts on Government ... in favor of a government with three branches and an independent judiciary. This pamphlet, you know, was very unpopular. No man appeared in public to support it but yourself." - John Adams
Principle 17 - A system of checks and balances should be adopted to prevent the abuse of power by the different branches of government.
"It will not be denied that power is of an encroaching nature and that it ought to be effectually restrained from passing the limits assigned to it." - James Madison
Principle 18 - The unalienable rights of the people are most likely to be preserved if the principles of government are set forth in a written Constitution.
The structure of the American system is set forth in the Constitution of the United States and the only weaknesses which have appeared are those which were allowed to creep in despite the Constitution.
Principle 19 - Only limited and carefully defined powers should be delegated to government, all others being retained by the people.
The Tenth Amendment is the most widely violated provision of the bill of rights. If it had been respected and enforced America would be an amazingly different country than it is today. This amendment provides:
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."
Principle 20 - Efficiency and dispatch require that the government operate according to the will of the majority, but constitutional provisions must be made to protect the rights of the minority.
"Every man, by consenting with others to make one body politic under one government, puts himself under an obligation to every one of that society to submit to the determination of the majority, and to be concluded [bound] by it." - John Locke
Principle 21 - Strong local self-government is the keystone to preserving human freedom.
"The way to have good and safe government is not to trust it all to one, but to divide it among the many, distributing to every one exactly the functions he is competent [to perform best]. - Thomas Jefferson
Principle 22 - A free people should be governed by law and not by the whims of men.
"The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of created beings, capable of laws, where there is no law there is no freedom. For liberty is to be free from restraint and violence of others, which cannot be where there is no law." - John Locke
Principle 23 - A free society cannot survive as a republic without a broad program of general education.
"They made an early provision by law that every town consisting of so many families should be always furnished with a grammar school. They made it a crime for such a town to be destitute of a grammar schoolmaster for a few months, and subjected it to a heavy penalty. So that the education of all ranks of people was made the care and expense of the public, in a manner that I believe has been unknown to any other people, ancient or modern. The consequences of these establishments we see and feel every day [written in 1765]. A native of America who cannot read and write is as rare ... as a comet or an earthquake." John Adams
Principle 24 - A free people will not survive unless they stay strong.
"To be prepared for war is one of the most effectual means of preserving peace." - George Washington
Principle 25 - "Peace, commerce, and honest friendship with all nations -- entangling alliances with none."- Thomas Jefferson, given in his first inaugural address.
Principle 26 - The core unit which determines the strength of any society is the family; therefore the government should foster and protect its integrity.
"There is certainly no country in the world where the tie of marriage is more respected than in America, or where conjugal happiness is more highly or worthily appreciated." Alexis de Tocqueville
Principle 27 - The burden of debt is as destructive to human freedom as subjugation by conquest.
"We are bound to defray expenses [of the war] within our own time, and are unauthorized to burden posterity with them.... We shall all consider ourselves morally bound to pay them ourselves and consequently within the life [expectancy] of the majority." - Thomas Jefferson
Principle 28 - The United States has a manifest destiny to eventually become a glorious example of God's law under a restored Constitution that will inspire the entire human race.
The Founders sensed from the very beginning that they were on a divine mission. Their great disappointment was that it didn't all come to pass in their day, but they knew that someday it would. John Adams wrote:
"I always consider the settlement of America with reverence and wonder, as the opening of a grand scene and design in Providence for the illumination of the ignorant, and the emancipation of the slavish part of mankind all over the earth."
.
Monday, January 10, 2011
Friday, December 10, 2010
Is Julian Assange a Stalking Horse for George Soros?
Is it possible that Assange's espionage is intended to get people so outraged that they DEMAND strict government controls on the internet? The Dems are pushing "Net Neutrality" right now...What do you think?
VIDEO: Glenn Beck’s Plan to Take Over America
VIDEO: Glenn Beck’s Plan to Take Over America
Wednesday, December 8, 2010
Is Obama Trying to Transfer 1.5% of U.S GDP to the U.N. ?
http://co2insanity.com/2010/12/08/obama-trying-to-transfer-1-5-of-us-gdp-to-un-for-climate-change/
In the last two years, President Obama and the Democrats have spent us into STAGGERING levels of debt and generational theft. What if they decided to transfer 141 BILLION dollars/year to the United Nations to "fight man-made global warming"?
Would you believe that ANY American president would do such a thing?
In the last two years, President Obama and the Democrats have spent us into STAGGERING levels of debt and generational theft. What if they decided to transfer 141 BILLION dollars/year to the United Nations to "fight man-made global warming"?
Would you believe that ANY American president would do such a thing?
Saturday, December 4, 2010
Why I Joined the Oath Keepers.
America is under assault. Most of us have watched this assault for years, and thought that elections were enough to beat back the rising tide of statist authoritarianism. Then Hurricane Katrina happened in 2005. We were wrong!
In response to hysterical (and mostly inaccurate) cries of widespread murder and rape throughout the city, the Governor of Louisiana sent the national guard and local police on a house-to-house search for weapons in some of the poorer areas of New Orleans. When they should have been shooting looters, they decided to go on a search for weapons instead! Law enforcement officers knocked doors down when necessary, and subdued lawful, gun-owning citizens and even disarmed them at gun point! To make a grim scene even worse, they blockaded citizens of N.O. in the city proper by refusing to allow them to walk out of the city via the bridges, and even FORCED many to stay in the Superdome while sewage filled the walkways. The malfeasence of FEMA was legendary as well, and would require far too much space to document in detail. FEMA exacerbated the problem.
It was a hellish, nightmarish scene of third world tyranny and local incompetance--IN AN AMERICAN CITY!!
The government-induced disaster in New Orleans jolted me. I became aware that elections alone couldn't possibly protect our God-given rights as free citizens from those who disregard or even disdain our Constitution...our common rule book. Those National Guard soldiers and policeman who participated in these unconstitutional searches and seizures of weapons, and de facto BLOCKADE of the city, all took an oath to protect and defend the Constitution. It's the same oath I took in 1987 when I joined the Navy for a six year hitch:
"I, (NAME), do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God."
Far too many troops and police failed to KEEP their oath.
You may notice that the first part of the oath is defending the Constitution, and that obeying the orders of the President comes after that? This way, when the President or Governor (or any government official) directly violates the Constitution, those orders are supposed to be ignored or countermanded on the spot. I know that's a lot to ask, and it's one hell of a lot easier to just obey bad orders than to disobey them, but our future as a representative republic of law depends on an informed and patriotic military and law enforcement arm.
Today we are afflicted by an administration and Congress that is so far out of control in it's lust for power that the Constitution isn't even a speed bump to these totalitarians and their devious schemes to "fundamentally transform America." In dozens of different ways our Constitutional, freedom-based way of life is under direct assault from within.
In the final analysis, all tyranny relies on it's enforcement arm; the police, the national guard, and ultimately the military. That's where the Oath Keepers come in. We seek to "reach, teach, and inspire" (thanks Mike Austell) all military, reserves, National Guard, veterans, Peace Officers, and Fire Fighters about their primary oath to the Constitution of the United States. As long as they stay true to the oath we all took, the ballot box will remain effective at beating back statist tyranny. Click on the link below and the "Declaration of Orders We Will NOT Obey!"
http://oathkeepers.org/oath/
http://www.facebook.com/pages/First-Coast-Florida-OathKeepers/136027116450549
The battle for America is on! The soul of this great representative republic, based on the rule of law--rather than the transitory and often brutal whims of men--is under relentless assault. Will we continue this amazing experiment in self rule and human freedom? Or will our way of life be destroyed, and tyranny take it's place?
Join us at the Oath Keepers. We have a republic to save!
In response to hysterical (and mostly inaccurate) cries of widespread murder and rape throughout the city, the Governor of Louisiana sent the national guard and local police on a house-to-house search for weapons in some of the poorer areas of New Orleans. When they should have been shooting looters, they decided to go on a search for weapons instead! Law enforcement officers knocked doors down when necessary, and subdued lawful, gun-owning citizens and even disarmed them at gun point! To make a grim scene even worse, they blockaded citizens of N.O. in the city proper by refusing to allow them to walk out of the city via the bridges, and even FORCED many to stay in the Superdome while sewage filled the walkways. The malfeasence of FEMA was legendary as well, and would require far too much space to document in detail. FEMA exacerbated the problem.
It was a hellish, nightmarish scene of third world tyranny and local incompetance--IN AN AMERICAN CITY!!
The government-induced disaster in New Orleans jolted me. I became aware that elections alone couldn't possibly protect our God-given rights as free citizens from those who disregard or even disdain our Constitution...our common rule book. Those National Guard soldiers and policeman who participated in these unconstitutional searches and seizures of weapons, and de facto BLOCKADE of the city, all took an oath to protect and defend the Constitution. It's the same oath I took in 1987 when I joined the Navy for a six year hitch:
"I, (NAME), do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God."
Far too many troops and police failed to KEEP their oath.
You may notice that the first part of the oath is defending the Constitution, and that obeying the orders of the President comes after that? This way, when the President or Governor (or any government official) directly violates the Constitution, those orders are supposed to be ignored or countermanded on the spot. I know that's a lot to ask, and it's one hell of a lot easier to just obey bad orders than to disobey them, but our future as a representative republic of law depends on an informed and patriotic military and law enforcement arm.
Today we are afflicted by an administration and Congress that is so far out of control in it's lust for power that the Constitution isn't even a speed bump to these totalitarians and their devious schemes to "fundamentally transform America." In dozens of different ways our Constitutional, freedom-based way of life is under direct assault from within.
In the final analysis, all tyranny relies on it's enforcement arm; the police, the national guard, and ultimately the military. That's where the Oath Keepers come in. We seek to "reach, teach, and inspire" (thanks Mike Austell) all military, reserves, National Guard, veterans, Peace Officers, and Fire Fighters about their primary oath to the Constitution of the United States. As long as they stay true to the oath we all took, the ballot box will remain effective at beating back statist tyranny. Click on the link below and the "Declaration of Orders We Will NOT Obey!"
http://oathkeepers.org/oath/
http://www.facebook.com/pages/First-Coast-Florida-OathKeepers/136027116450549
The battle for America is on! The soul of this great representative republic, based on the rule of law--rather than the transitory and often brutal whims of men--is under relentless assault. Will we continue this amazing experiment in self rule and human freedom? Or will our way of life be destroyed, and tyranny take it's place?
Join us at the Oath Keepers. We have a republic to save!
Wednesday, November 24, 2010
The True Story of Thanksgiving, by Rush Limbaugh.
I'll bet you never heard this in school. I sure didn't.
RUSH: Time now, ladies and gentlemen, for The Real Story of Thanksgiving, as written by I -- by me -- in my second book, See, I Told You So. It's page 70 in the hardcover version. "On August 1, 1620, the Mayflower set sail. It carried a total of 102 passengers, including forty Pilgrims led by William Bradford. On the journey, Bradford set up an agreement, a contract, that established just and equal laws for all members of the new community, irrespective of their religious beliefs. Where did the revolutionary ideas expressed in the Mayflower Compact come from? From the Bible. The Pilgrims were a people completely steeped in the lessons of the Old and New Testaments. They looked to the ancient Israelites for their example. And, because of the biblical precedents set forth in Scripture, they never doubted that their experiment would work."
Now, you know the usual story of Thanksgiving: They landed. They had no clue where they were, no idea how to feed themselves. The Indians came out, showed 'em how to pop popcorn, fed 'em turkey, saved 'em basically -- and then white European settlers after that basically wiped out the Indian population. It's a horrible example. Not only is that not true, here is the part that's been omitted from what is still today taught as the traditional Thanksgiving story in many schools. "The original contract the Pilgrims had entered into with their merchant-sponsors in London called for everything they produced to go into a common store,' when they got here, 'and each member of the community was entitled to one common share. All of the land they cleared and the houses they built belong to the community as well.
"They were going to distribute it equally. All of the land they cleared and the houses they built belonged to the community as well. ... [William] Bradford, who had become the new governor of the colony, recognized that this form of collectivism was as costly and destructive to the Pilgrims as that first harsh winter, which had taken so many lives. He decided to take bold action. Bradford assigned a plot of land to each family to work and manage, thus turning loose the power of the marketplace. ... Long before Karl Marx was even born, the Pilgrims had discovered and experimented with what could only be described as socialism,' and it had failed" miserably because when every put things in the common store, some people didn't have to put things in for there to be, people that didn't produce anything were taking things out, and it caused resentment just as it does today. So Bradford had to change it.
"What Bradford and his community found was that the most creative and industrious people had no incentive to work any harder than anyone else, unless they could utilize the power of personal motivation! But while most of the rest of the world has been experimenting with socialism for well over a hundred years – trying to refine it, perfect it, and re-invent it – the Pilgrims decided early on to scrap it permanently. What Bradford wrote about this social experiment should be in every schoolchild's history lesson. If it were, we might prevent much needless suffering," that happens today and will happen "in the future. 'The experience that we had in this common course and condition, tried sundry years...that by taking away property, and bringing community into a common wealth, would make them happy and flourishing – as if they were wiser than God,' Bradford wrote.
'For this community (so far as it was) was found to breed much confusion and discontent, and retard much employment that would have been to their benefit and comfort. For young men that were most able and fit for labor and service did repine that they should spend their time and strength to work for other men's wives and children without [being paid] that was thought injustice.' ... The Pilgrims found that people could not be expected to do their best work without incentive. So what did Bradford's community try next? They unharnessed the power of good old free enterprise by invoking the undergirding capitalistic principle of private property. Every family was assigned its own plot of land to work and permitted to market its own crops and products. And what was the result?"
Here's what Bradford wrote, the governor of the Massachusetts colony. "'This had very good success,' wrote Bradford, 'for it made all hands industrious, so as much more corn was planted than otherwise would have been.' Bradford doesn't sound like much of a Clintonite, does he?" or an Obamaite, if I can update it. "Is it possible that supply-side economics could have existed before the 1980s? ... Anyway, the pilgrims found "In no time, the Pilgrims found they had more food than they could eat themselves. ... So they set up trading posts and exchanged goods with the Indians. The profits allowed them to pay off their debts to the merchants in London. And the success and prosperity of the Plymouth settlement attracted more Europeans and began what came to be known as the 'Great Puritan Migration.'
Very few people have heard this story or have had it taught to them -- and the "thanks" was to God for showing them the way. In later parts of the chapter, I quote John Adams and George Washington on their reminisces and their thoughts on the first Thanksgiving and the notion it was thanks to God. It was an entirely different story than is being taught in the schools. It's been muddied down, watered down all these years -- and now it's been hijacked by the multicultural community -- to the point that the story of Thanksgiving is the Pilgrims were a bunch of incompetents and were saved only by the goodness of the Indians, who then were wiped out. And that's what kids are being taught today -- 'cause, of course, you can't mention the Bible in school, and that's fundamental to the real story of Thanksgiving.
Thanks Rush!
RUSH: Time now, ladies and gentlemen, for The Real Story of Thanksgiving, as written by I -- by me -- in my second book, See, I Told You So. It's page 70 in the hardcover version. "On August 1, 1620, the Mayflower set sail. It carried a total of 102 passengers, including forty Pilgrims led by William Bradford. On the journey, Bradford set up an agreement, a contract, that established just and equal laws for all members of the new community, irrespective of their religious beliefs. Where did the revolutionary ideas expressed in the Mayflower Compact come from? From the Bible. The Pilgrims were a people completely steeped in the lessons of the Old and New Testaments. They looked to the ancient Israelites for their example. And, because of the biblical precedents set forth in Scripture, they never doubted that their experiment would work."
Now, you know the usual story of Thanksgiving: They landed. They had no clue where they were, no idea how to feed themselves. The Indians came out, showed 'em how to pop popcorn, fed 'em turkey, saved 'em basically -- and then white European settlers after that basically wiped out the Indian population. It's a horrible example. Not only is that not true, here is the part that's been omitted from what is still today taught as the traditional Thanksgiving story in many schools. "The original contract the Pilgrims had entered into with their merchant-sponsors in London called for everything they produced to go into a common store,' when they got here, 'and each member of the community was entitled to one common share. All of the land they cleared and the houses they built belong to the community as well.
"They were going to distribute it equally. All of the land they cleared and the houses they built belonged to the community as well. ... [William] Bradford, who had become the new governor of the colony, recognized that this form of collectivism was as costly and destructive to the Pilgrims as that first harsh winter, which had taken so many lives. He decided to take bold action. Bradford assigned a plot of land to each family to work and manage, thus turning loose the power of the marketplace. ... Long before Karl Marx was even born, the Pilgrims had discovered and experimented with what could only be described as socialism,' and it had failed" miserably because when every put things in the common store, some people didn't have to put things in for there to be, people that didn't produce anything were taking things out, and it caused resentment just as it does today. So Bradford had to change it.
"What Bradford and his community found was that the most creative and industrious people had no incentive to work any harder than anyone else, unless they could utilize the power of personal motivation! But while most of the rest of the world has been experimenting with socialism for well over a hundred years – trying to refine it, perfect it, and re-invent it – the Pilgrims decided early on to scrap it permanently. What Bradford wrote about this social experiment should be in every schoolchild's history lesson. If it were, we might prevent much needless suffering," that happens today and will happen "in the future. 'The experience that we had in this common course and condition, tried sundry years...that by taking away property, and bringing community into a common wealth, would make them happy and flourishing – as if they were wiser than God,' Bradford wrote.
'For this community (so far as it was) was found to breed much confusion and discontent, and retard much employment that would have been to their benefit and comfort. For young men that were most able and fit for labor and service did repine that they should spend their time and strength to work for other men's wives and children without [being paid] that was thought injustice.' ... The Pilgrims found that people could not be expected to do their best work without incentive. So what did Bradford's community try next? They unharnessed the power of good old free enterprise by invoking the undergirding capitalistic principle of private property. Every family was assigned its own plot of land to work and permitted to market its own crops and products. And what was the result?"
Here's what Bradford wrote, the governor of the Massachusetts colony. "'This had very good success,' wrote Bradford, 'for it made all hands industrious, so as much more corn was planted than otherwise would have been.' Bradford doesn't sound like much of a Clintonite, does he?" or an Obamaite, if I can update it. "Is it possible that supply-side economics could have existed before the 1980s? ... Anyway, the pilgrims found "In no time, the Pilgrims found they had more food than they could eat themselves. ... So they set up trading posts and exchanged goods with the Indians. The profits allowed them to pay off their debts to the merchants in London. And the success and prosperity of the Plymouth settlement attracted more Europeans and began what came to be known as the 'Great Puritan Migration.'
Very few people have heard this story or have had it taught to them -- and the "thanks" was to God for showing them the way. In later parts of the chapter, I quote John Adams and George Washington on their reminisces and their thoughts on the first Thanksgiving and the notion it was thanks to God. It was an entirely different story than is being taught in the schools. It's been muddied down, watered down all these years -- and now it's been hijacked by the multicultural community -- to the point that the story of Thanksgiving is the Pilgrims were a bunch of incompetents and were saved only by the goodness of the Indians, who then were wiped out. And that's what kids are being taught today -- 'cause, of course, you can't mention the Bible in school, and that's fundamental to the real story of Thanksgiving.
Thanks Rush!
Thursday, November 4, 2010
Are You Worried About "Quantitative Easing"? YOU SHOULD BE!
Yesterday the Federal Reserve announced that it was planning on injecting ANOTHER $600,000,000,000 (that's 600 billion dollars!, in case you were wondering) into the American financial system by purchasing Treasury bonds. The stated goal is to drive interest rates lower and encourage borrowing. Call it a top-down method of "stimulating" the economy. And you guessed it, they'll PRINT it!
Investopedia defines Quantitative Easing:
http://www.investopedia.com/terms/q/quantitative-easing.asp
--What Does Quantitative Easing Mean? A government monetary policy occasionally used to increase the money supply by buying government securities or other securities from the market. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.
--Investopedia explains Quantitative Easing...Central banks tend to use quantitative easing when interest rates have already been lowered to near 0% levels and have failed to produce the desired effect. The major risk of quantitative easing is that although more money is floating around, there is still a fixed amount of goods for sale. This will eventually lead to higher prices or inflation.
YES it will !!! Our problem is NOT high interest rates, they're already near historically low levels. Our financial problems are many and have political origins, like the government-induced home mortgage meltdown, ObamaCare, the looming threat of tax hikes and over-regulation, increased energy taxes via "Cap and Trade" legislation, forced unionization via "Card Check" legislation, and the list goes on. The ability to borrow money isn't nearly as problematic as the menace of abusive governance.
So what's likely to happen when $600,000,000,000 brand spanking new $dollar bills$ are injected into the American economy?
Inflation. And if we're terribly unlucky, hyperinflation. Think Weimar Republic, Germany, circa 1924.
Our economy will be awash with 600 billion more dollars chasing the same goods and services as before this second round of "quantitative easing." The cost of everything you buy is going to increase, maybe even dramatically. The current fight over extending the Bush tax cuts will seem like a silly side show once that $2.65 loaf of bread becomes $9.12, or a pound of hamburger goes fom the current $3.25/lb. to $13.50/lb..
This sort of inflation is the unkindest tax increase of all due to it's size and scope and the dramatic way that it impoverishes us and diminishes our lifestyles.
Think about it!
.
Investopedia defines Quantitative Easing:
http://www.investopedia.com/terms/q/quantitative-easing.asp
--What Does Quantitative Easing Mean? A government monetary policy occasionally used to increase the money supply by buying government securities or other securities from the market. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.
--Investopedia explains Quantitative Easing...Central banks tend to use quantitative easing when interest rates have already been lowered to near 0% levels and have failed to produce the desired effect. The major risk of quantitative easing is that although more money is floating around, there is still a fixed amount of goods for sale. This will eventually lead to higher prices or inflation.
YES it will !!! Our problem is NOT high interest rates, they're already near historically low levels. Our financial problems are many and have political origins, like the government-induced home mortgage meltdown, ObamaCare, the looming threat of tax hikes and over-regulation, increased energy taxes via "Cap and Trade" legislation, forced unionization via "Card Check" legislation, and the list goes on. The ability to borrow money isn't nearly as problematic as the menace of abusive governance.
So what's likely to happen when $600,000,000,000 brand spanking new $dollar bills$ are injected into the American economy?
Inflation. And if we're terribly unlucky, hyperinflation. Think Weimar Republic, Germany, circa 1924.
Our economy will be awash with 600 billion more dollars chasing the same goods and services as before this second round of "quantitative easing." The cost of everything you buy is going to increase, maybe even dramatically. The current fight over extending the Bush tax cuts will seem like a silly side show once that $2.65 loaf of bread becomes $9.12, or a pound of hamburger goes fom the current $3.25/lb. to $13.50/lb..
This sort of inflation is the unkindest tax increase of all due to it's size and scope and the dramatic way that it impoverishes us and diminishes our lifestyles.
Think about it!
.
Wednesday, November 3, 2010
Are We Still Worthy of Leaders Like This?
Many messages were sent to Washington DC last night, and they all ended with an exclamation point. Those voices sounded a lot like STOP IT!...and...CUT IT OUT, DAMN IT!
On November 2, 2010, America won a reprieve from tyrannical government, but only as long as we stay awake, aware, and active.
When asked by a citizen what form of government the delegates had formed in Independance Hall, Ben Franklin replied, "A republic, if you can keep it." Well, can we?
Leaders of Franklin's ability are precious and few, and ultimately they are nothing more than a reflection of the society that produces them.
Jim Demint is a leader that we can STILL be proud of!
http://online.wsj.com/article/SB10001424052748704141104575588612828579920.html?mod=wsj_share_facebook
Welcome, Senate Conservatives
Remember what the voters back home want—less government and more freedom
By JIM DEMINT
Congratulations to all the tea party-backed candidates who overcame a determined, partisan opposition to win their elections. The next campaign begins today. Because you must now overcome determined party insiders if this nation is going to be spared from fiscal disaster.
Many of the people who will be welcoming the new class of Senate conservatives to Washington never wanted you here in the first place. The establishment is much more likely to try to buy off your votes than to buy into your limited-government philosophy. Consider what former GOP senator-turned-lobbyist Trent Lott told the Washington Post earlier this year: "As soon as they get here, we need to co-opt them."
Don't let them. Co-option is coercion. Washington operates on a favor-based economy and for every earmark, committee assignment or fancy title that's given, payback is expected in return. The chits come due when the roll call votes begin. This is how big-spending bills that everyone always decries in public always manage to pass with just enough votes.
But someone can't be bribed if they aren't for sale. Here is some humble advice on how to recognize and refuse such offers.
First, don't request earmarks. If you do, you'll vote for legislation based on what's in it for your state, not what's best for the country. You will lose the ability to criticize wasteful spending. And, if you dare to oppose other pork-barrel projects, the earmarkers will retaliate against you.
In 2005, Sen. Tom Coburn (R., Okla.) offered a measure to kill funding for the infamous "Bridge to Nowhere." Before the vote, Sen. Patty Murray (D., Wash.), an appropriator, issued a warning on the Senate floor....(to finish article, click on link)
http://online.wsj.com/article/SB10001424052748704141104575588612828579920.html?mod=wsj_share_facebook
On November 2, 2010, America won a reprieve from tyrannical government, but only as long as we stay awake, aware, and active.
When asked by a citizen what form of government the delegates had formed in Independance Hall, Ben Franklin replied, "A republic, if you can keep it." Well, can we?
Leaders of Franklin's ability are precious and few, and ultimately they are nothing more than a reflection of the society that produces them.
Jim Demint is a leader that we can STILL be proud of!
http://online.wsj.com/article/SB10001424052748704141104575588612828579920.html?mod=wsj_share_facebook
Welcome, Senate Conservatives
Remember what the voters back home want—less government and more freedom
By JIM DEMINT
Congratulations to all the tea party-backed candidates who overcame a determined, partisan opposition to win their elections. The next campaign begins today. Because you must now overcome determined party insiders if this nation is going to be spared from fiscal disaster.
Many of the people who will be welcoming the new class of Senate conservatives to Washington never wanted you here in the first place. The establishment is much more likely to try to buy off your votes than to buy into your limited-government philosophy. Consider what former GOP senator-turned-lobbyist Trent Lott told the Washington Post earlier this year: "As soon as they get here, we need to co-opt them."
Don't let them. Co-option is coercion. Washington operates on a favor-based economy and for every earmark, committee assignment or fancy title that's given, payback is expected in return. The chits come due when the roll call votes begin. This is how big-spending bills that everyone always decries in public always manage to pass with just enough votes.
But someone can't be bribed if they aren't for sale. Here is some humble advice on how to recognize and refuse such offers.
First, don't request earmarks. If you do, you'll vote for legislation based on what's in it for your state, not what's best for the country. You will lose the ability to criticize wasteful spending. And, if you dare to oppose other pork-barrel projects, the earmarkers will retaliate against you.
In 2005, Sen. Tom Coburn (R., Okla.) offered a measure to kill funding for the infamous "Bridge to Nowhere." Before the vote, Sen. Patty Murray (D., Wash.), an appropriator, issued a warning on the Senate floor....(to finish article, click on link)
http://online.wsj.com/article/SB10001424052748704141104575588612828579920.html?mod=wsj_share_facebook
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